A whip is
just a car. I notice, as documented in the examples, that whip is most often
used when
you are talking to someone about their car.
"Friend #1:
Hey, Eric, I like your new whip.
Eric: Thanks man, it's alright."
"Friend #2: Yo, Eric, I got a new whip.
Eric: Aww, foreal? What kind, man?
Friend #2: A
Civic. But it doesn't work right now.
Eric: What's wrong with it? ..."
"Now I'm super-
fly slick without a roof on my whip..."
-Lloyd Banks